question about the National Debt for all of you economist types....

[clarice]

13. HF.... very interesting post......a few more questions/observations if you don't mind..

1. Yes, I miss-spoke. I meant debt

2. "Except that not having a stimulus bill would be far more damaging to our economy and society than the
little bit of debt would be". Not so sure about that.

3. Agreed...the economy has cycles. But I have NEVER agreed with throwing money at a "recession"

4. " and in theory the debt matches the value of their assets.". There's the rub.

5. "tax cuts for the rich" Please don't go "ballistic" when I say that that oft quoted term falls from the lips
very easily but when closely examined, may not be that simple. If someone makes 1,000,000 from a company that they founded themselves, often involving years of sweat and sacrifice, (as in my case). They would pay approximately $400,000 in taxes.
Now, common courtesy alone would necessitate a simple "thank you" for the 400m clams. Who else has put that much into the pot?
Instead of a thank you, that person is excoriated for making a lot of money! Doesn't that seem bass ackwards to you?
I also wonder, once we've soaked the rich ( I'm going to insert a codicil here. When I say "The Rich", I'm not talking about
the Soros's and the mega rich inheritance kids, I'm talking about hard working every day risk takers who have EARNED their money) After we soak them here in America...where do we go next? Another Country? Soak them? It seems like throwing the baby out with the bath water